Kerrisdale Advisers, LLC

Q3 2025 13F-HR Holdings

Location
Miami, FL
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
75
Total value ($000)
$192,855
Net value change ($000)
+1,143 (0.6%)
New positions
11
Sold out positions
2
Turnover %
6.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMZN 6,579 304.6%
SYY 4,076 95.3%
V 3,817 39.3%
SHC 3,666 41.5%
UNP 3,614 1374.1%
KVUE 2,665 NEW
MU 2,520 NEW
CART 2,446 NEW
GOOGL 2,269 37.9%
SNPS 1,610 NEW
Top Reduces (Value $000, Stocks/ETFs)
STX -35,158 -83.2%
UNH -7,822 -63.5%
DAVA -2,960 -36.1%
PMTS -522 -36.2%
ACMR -510 -6.9%
QS -392 -100.0%
LESL -200 -100.0%
UHAL -191 -6.4%
ADBE -130 -8.8%
HSIC -107 -9.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type